Sunshine Profits

U.S. construction spending tumbled in April. What does it imply for the gold market?Construction spending plunged 1.8 percent in April, according to the U.S. Department of Commerce. The decline...

Stock Trading Alert originally sent to subscribers on June 2, 2016, 6:46 AM.Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 2,000,...

This month, the London Bullion Market Association published a new edition of its quarterly journal called “Alchemist.” What can we learn from this publication?Most of the pieces focus on...

We have already said that negative GOFO (gold forward offer rate) means backwardation in gold. What causes the backwardation and what does it imply for the gold market? Before we answer these...

Generally, real interest rates are negatively correlated with the price of gold, i.e. rising interest rates adversely impact the yellow metal. For example, in the article entitled The Golden Dilemma,...

The belief in manipulation in the gold market is associated with the notion of discrepancies between the paper and physical price of gold. The latter is artificially set lower by futures markets...

The Fed finally ended the zero interest rate policy (ZIRP) this December. Fundamentally, the Fed’s hike is a step in the right direction (but only a small one, since the U.S. interest rates will...

It seems that the auto loan bubble has already peaked. What does it mean for the U.S. economy and the gold market?In 2015, over 17 million new vehicles were sold in the U.S., the highest number in...

The U.S. dollar price of gold declined in 2015, but the same year gold advanced in many other currencies. What can we learn from this behavior?The London spot price of the shiny metal, in U.S....

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.On Tuesday, crude oil lost 1.77% ahead of the release of the API weekly inventory report. As a...

Yesterday, EUR/USD moved little lower as Tuesday’s solid consumer confidence data continued to support the greenback. Thanks to these circumstances, the probability of further declines increased...

Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.On Tuesday, crude oil gained 1.93% as a weaker greenback supported the price. As a result, light...

Earlier today, the USD Index extended losses, which pushed USD/CHF to the lower border of the consolidation. Will it withstand the selling pressure in the coming days?In our opinion the following...

The recent U.S. economic data, especially concerning the manufacturing sector, is worrisome. What does it imply for the gold market?Due to the hype surrounding the FOMC meeting, we did not cover the...

Alongside the GDP and labor market’s strength, inflation rate is the most important macroeconomic indicator – since the Fed promotes full employment and price stability. The price...

Yesterday, the Federal Reserve decided to raise interest rates by 25 basis points for the first time in almost a decade, which fueled optimism over the strength of the U.S. economy and pushed the USD...